Investors Setting Their Sights on Starter Homes

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe CoreLogic Investor Starter Homes Video Spotlight 2019-07-17 Seth Welborn According to CoreLogic Deputy Chief Economist Ralph McLaughlin, investor homebuying in 2018 was the highest on record. Investors purchased around 11% of available homes that year, and in this Video Spotlight, McLaughlin discusses why investors are focusing their efforts on the starter home market, and what impact this may have on potential homebuyers.According to CoreLogic data, “mom-and-pop” investors grew from 48% of all investor-purchased homes in 2013 to over 60% in 2018, and these small-volume investors seem to be focusing primarily on starter homes. Investors purchased starter homes at 2-3 times the rates of middle upper-tier homes.”Why are investors buying homes at high rates in some markets and lower rates in others?” McLaughlin asks. “Simply put, investors are attracted to markets where rents are relatively high compared to purchase prices. This called a cap rate, and it is highly correlated with the share of investor activity across the largest 100 markets.”McLaughlin goes on to say that markets that witnessed a larger increase in the share of investors also saw their market heat up.”While an uptick in investors into a market perhaps increases competition and lowers supply, the opposite is also possible: markets with tightening supply could draw investors in as they perceive such markets to be safer bets than those with more plentiful supply,” he continues. “Either way, it’s a truism that homebuyers today are more likely to cross paths with investors during an open house than at any other time in the past two decades.” July 17, 2019 1,154 Views Demand Propels Home Prices Upward 2 days ago Tagged with: CoreLogic Investor Starter Homes Video Spotlight Previous: Credit Risk: The Highs and Lows Next: Homeownership Rates Missing the Mark Home / Daily Dose / Investors Setting Their Sights on Starter Homes The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Share Savecenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Investors Setting Their Sights on Starter Homes The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.  Print This Post in Daily Dose, Featured, Investment, Newslast_img read more

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Football Friday-Week #6 (9-27)

first_imgWRBI Area High School Football Friday Games.On the radio, The Batesville Bulldogs will travel to Lawrenceburg to take on The Tigers and on the web, The East Central Trojans host The South Dearborn Knights.Kickoff for both games will be at 7.  WRBI’s coverage starts at 6 with our Countdown To Kickoff.Other area games.Greensburg at Franklin County.Milan hosts Indian Creek.North Deactur hosts Eastern Hancock.South Decatur at Indy Park Tudor.We will keep you up to date with the games tonight.last_img

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USC teams find winning is contagious

first_imgIt is already five weeks into school and many of USC’s athletic teams already boast winning streaks. Some are extending their streaks from last season, while others are beginning fresh.Women’s volleyball and men’s waterpolo currently have the largest win streaks at USC. Both teams have successfully beaten 11 of their last opponents. The No. 6 Women of Troy beat UC Irvine 3-0 on Tuesday at their season opener and will face No. 11 UCLA on Friday at the Galen Center.Katrina MacGregor | Daily TrojanThe No. 1 men’s waterpolo team upset No. 3 California and No. 2 UCLA en route to winning the NorCal Tournament last weekend. The 2009 NCAA champs are continuing their win streak from last season where they won the last three games of the season. The water polo team looks to continue its streak  Friday against Fresno Pacific at the Lancer Invitational.The next highest streak belongs to the women’s soccer team, which boasts a seven-game unbeaten streak, all from this season. The Women of Troy’s last three games were all victories, with the most recent against Oklahoma, which bumped USC up from No. 25 in the rankings to its current standing of No. 22.Although the men’s tennis team has not started its season yet, it carries a six-game winning streak from its championship run last season. Its first tournament of the year will be Friday, the Napa Challenge, and will extend through the weekend.Not to be forgotten, the football team is also steadily building a win streak. The Trojans hold a four-game winning streak, dating back to their victory at the Emerald Bowl in January. This Saturday’s game against Washington State University will be played at Martin Stadium, with kickoff at noon.These five teams have all shown considerable talent in maintaining their winning streaks. Time will tell how long each lasts.last_img read more

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